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Property profile & analytics

2720 Washington St Wilmington, DE 19802-3536

  • Retail space
  • 1,533 SF
  • 0.05 lot acres
OFF-MARKET
Value Estimation
$110,000
Last Sale
Dec 10, 2020
$80,000
Location Intelligence
Property ID
US17-0010847
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail space

Property Details for 2720 Washington St

Year built
1899
Construction
CONCRETE
Lot size
0.05 lot acres
Property size
1,533 SF
Zone code
26R-3
Property type
Retail space
APN
26-015.40-098
APU
2601540098

Description

This exceptional mixed-use property at 2720 N Washington Street in Wilmington, Delaware presents a unique investment opportunity. Boasting 2,636 square feet on a 0.05-acre lot, this corner property offers unparalleled visibility and accessibility. The building's versatile design allows for a seamless blend of commercial and residential use. The main floor, ideal for a variety of businesses, provides ample space for retail, a restaurant, daycare center, or other commercial ventures. The possibilities are numerous, catering to a wide range of entrepreneurial pursuits. Upstairs, the residential space comprises two bedrooms and one and a half bathrooms, providing comfortable living quarters. This space could serve as owner-occupied housing or generate additional income as a rental unit. The property's strategic location at the corner of N Washington Street offers excellent visibility and convenient access to Concord Avenue, Concord Pike, and Interstate 95, ensuring high traffic flow and easy commuting. This is a rare chance to acquire a thriving mixed-use property in a highly desirable Wilmington location, combining the benefits of business ownership with the convenience of residential living, or the potential for substantial rental income. The asking price is $175,000. This property is ready for immediate occupancy and offers significant potential for growth and return on investment.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $110,000
  • CAP approach

    CAP return
    Estimation
    6%
    $125,000
    6.5%
    $125,000
    7%
    $120,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $100,000
    Geo Method
    $105,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $110,000
    Retail
    $125,000
    Mixed-Use
    $110,000
    Hospitality
    $105,000
    Educational
    $100,000
    Residential Income
    $115,000
    Energy
    $130,000
    Income-Based Land
    $130,000
    Food Service
    $105,000

Location Insight

  • Map
  • Local Demand
City
Wilmington
County
New Castle
State
Delaware
Longitude
-75.5362
Latitude
39.7579
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,003
$5,400
$48,300
$53,700
-
$0.00
$0.00
$0.00
More about this property
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